The Fair Share Report
2 Daniel St
Chatham, NJ 07461
The town corrects for market drift once a year — but only on average. This report measures whether this house drifted with the herd or away from it.
This home's full record →Check another house →
Step 1 · Market value
Likely range $693,371 – $979,474, from 12 comparable Chatham sales in the past 18 months, at this home's 1,497 sq ft.
Step 2 · The Director's Ratio
The state's official measure of how far Chatham assessments sit below market value — republished every October, applied town-wide. A $834,758 home should be assessed near $554,363.
Step 3 · Assessed value
Set at the last town-wide revaluation and mostly frozen since. That's $124,963 below what the ratio math suggests (22.5%).
Step 4 · The tax rate — same for every Chatham home
$1.370 Schools · 65% $0.330 County · 16% $0.403 Town · 19%
Step 5 · The bill
This home vs. every recent Chatham sale · assessed ÷ market
38%82%
Paying about right
This home's ratio lands inside Chatham's normal band. The drift hasn't singled it out — no case for a tax appeal.
The evidence · comparable sales (SR1A usable-sale records)
| Address | Sold | Price | Sq ft | Ratio |
|---|---|---|---|---|
| 647 FAIRMOUNT AVE | 2025-04 | $955,000 | 1,612 | 57.3% |
| 38 MEYERSVILLE RD | 2026-03 | $705,000 | 1,308 | 63.9% |
| 16 DALE DR | 2025-11 | $1,715,000 | 1,800 | 46.2% |
| 43 STONEWYCK DR | 2025-09 | $1,075,000 | 1,643 | 62.4% |
| 198 RIVEREDGE DR | 2026-03 | $850,000 | 1,499 | 52.4% |
| 469 FAIRMOUNT AVE | 2026-04 | $791,001 | 1,778 | 72.8% |
| 198 LAFAYETTE AVE | 2025-08 | $988,000 | 1,965 | 74.7% |
| 104 TERRACE DR | 2025-06 | $610,000 | 1,317 | 67.3% |
| 119 TERRACE DR | 2025-04 | $675,000 | 1,317 | 55.6% |
| 20C HERITAGE DR | 2026-04 | $595,000 | 1,465 | 59.8% |
| 144 RIVEREDGE DR | 2025-03 | $415,000 | 1,390 | 98.8% |
| 16 MOUNTAINSIDE DR | 2025-03 | $1,220,000 | 1,640 | 48.7% |
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